Blockchain confirmations are vital to verify and legitimize information. If a transaction is considered fraudulent, it will be rejected from the blockchain. Whether you send Bitcoin or receive Bitcoin or any other Cripto Currency; the status of your transaction will initially remain “unconfirmed”. Once the transaction is verified and successfully included in the blockchain the status will then change to “confirmed”.
The amount of conformations depends on the amount of the transaction and the Cripto coin itself.
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